A project cost $1,000 and will result in cash flows of 74 per year for four years. In addition the project will return $1000 to
A project cost $1,000 and will result in cash flows of 74 per year for four years. In addition the project will return $1000 to the investor at the end of the fourth year. The projects cost of capital is 8 percent. What is the projects internal rate of return? Record your answer as a decimal accurate to 4 decimal places.
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Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
